-LRB- CNN -RRB- -- If you bet on the princess , you win .

Monaco 's Princess Gabriella Therese Marie was born at 5:04 p.m. -LRB- 11:04 a.m. ET -RRB- Wednesday , beating her brother Jacques Honore Rainier into the waking world by two minutes , the royal family announced on Facebook .

The twins are the first children born to Charlene Wittstock , the former South African Olympic swimmer who married Prince Albert II in 2011 . Their birth took place at the Princess Grace Hospital Monaco , named after Albert 's mother -- and late legendary Hollywood actress -- Grace Kelly .

`` The Princess and the children are doing well , '' the royal family said .

Prince Albert had n't been married before , but he did have two children born out of wedlock in 1992 and 2003 .

Yet it 's the twins born to Wittstock who will get first crack at the throne , because Monaco law dictates that `` succession passes , upon death or abdication , to the direct legitimate -LRB- descendant -RRB- of the previous prince . ''

And in this case , it would be Albert 's son Jacques , even though he arrived after his sister .

While Gabriella will be the `` second child in the line of succession , '' according to the royal family , Jacques `` is the Crown Prince '' and receives the title of Marquis of Baux -LRB- in Provence -RRB- . Princess Gabriella is now known as the Countess of Carlades -LRB- in Auvergne -RRB- .

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Princess Gabriella is born at Princess Grace Hospital , 2 minutes before her brother

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But Prince Jacques is next in line for the throne , under Monaco law

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The twins are the first children born to Prince Albert II and his wife Charlene